The aircraft tires market is projected to grow from USD 1.11 Billion in 2015 to USD 1.37 Billion by 2020, at a CAGR of 4.35% during the forecast period 2015 to 2020. The base year considered for this study is 2013 and forecast period is from 2015 to 2020.

This research report categorizes the a Aircraft Tires Marketircraft tires market by product, by end user, by aircraft type, by application, by platform, and by geography; forecasting revenues and market share, along with analyzing trends in each of the sub-sectors.

The market size estimations for the various segments and subsegments of this market were arrived at through extensive secondary research, corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. Key players in the industry have been identified through secondary research, and their market values determined through primary and secondary research.

This report would help the aircraft tires equipment manufacturers, suppliers, retailers, wholesalers, distributers, and retreaders as well as aviation authorities to identify hot revenue pockets in this market.

The major players in the market include Goodyear (U.S.), Michelin (France), Bridgestone (Japan), and Dunlop Aircraft Tires (U.K.). Contracts comprise the major strategy adopted by the players in the global aircraft tires market followed by new product launches.

Target Audience

Original Equipment (Tire) Manufacturers

Retreaders

Technology Support Providers

Raw Material Suppliers

Maintenance, Repair, and Operations Providers

Scope of the Report

Aircraft Tires Market, By Product Type

Radial

Bias

Aircraft Tires Market, By End User

OEM Tires

Replacement Tires

Retread Tires

Aircraft Tires Market, By Platform

Fixed Wing

Rotary Wing

Aircraft Tires Market, By Application

Commercial

Narrow Body Aircraft

Wide Body Aircraft

Very Large Aircraft

Regional Transport Aircraft

Defense

Aircraft Tires Market, By Region

North America

Europe

Asia-Pacific

Middle East

Rest of the World

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The aircraft tires market is projected to grow from USD 1.11 Billion in 2015 to USD 1.37 Billion in 2020, at a CAGR of 4.35% during the forecast period. Some of the factors which are expected to drive the market include increasing demand for aircraft and frequent tire replacement requirement as well as growing concerns about safety requirements.

On the basis of product type, the aircraft tire market has been segmented into bias and radial. The radial segment is projected to grow at a significant CAGR during the forecast period of 2015 to 2020, primarily driven by the efforts to reduce tire weight and provide tires which have higher durability and maneuverability. This enhances their life along with providing a comfortable ride and reducing fuel consumption.

The market for aircraft tires has been segmented based on application into commercial and defense. The commercial sector dominates the studied market, and is expected to continue its dominance over the next five years, primarily driven by the rise in air traffic and increasing need for faster connectivity among destinations, which has necessitated the need for more aircraft in the commercial sector.

The APAC region is expected to exhibit the highest growth rate in the aircraft tires market, during the forecast period from 2015 to 2020.

The Asia-Pacific region is anticipated to be the fastest-growing market with respect to air travel in coming years. The demand for low cost carriers (LCCs) from China and India has increased the demand for single-aisle aircrafts such as Boeing 737 and Airbus A320, which is expected to propel the growth of aircraft tires market in this region.

Some of the factors such as stringent government regulations, high cost of aviation tires, and limited number of aircraft tires manufacturers may limit the growth of this market.

The major players in the market are Goodyear (U.S.), Michelin (France), Bridgestone (Japan), and Dunlop Aircraft Tires (U.K.), among others. The strategy of supply contracts accounted for a major share of the total growth strategies adopted by the leading players in the aircraft tires market. For instance, Michelin’s strategy has been to focus on securing contracts to provide aircraft tires which included new, retreaded, and replacement tires to the airlines. These strategies have helped these companies maintain their leadership position in the market.

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